An accounting assistant has prepared the detailed manufacturing owerhead budget and the selling and administrative expense budget. The latter shows selling expenses of $716,800 for product, 1850 and $460,800 for product 1860 , and administrative expenses of $691,200 for product JB 50 and $435,200 for product JB 60 . Interest expense is $150,000 (not allocated to products). Income tawes are expected to be 20%. (a) Prepare the sales budget for the year. Prepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). Prepare the production budget for the year. Waterway Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. Prepare the direct materials budget for the year